UPM Plywood’s consultation process in Finland completed

Press Release 21.6.2023 15:00 EEST

(UPM Plywood, Lahti, Finland, 21 June 2023 at 15:00 EEST) UPM Plywood has completed the change negotiations, which started in May, concerning salaried employees in the staff and global functions, and in its Finnish mills. The company aims at renewing its organisation and adjusting its operations to meet the reduced production capacity and the deteriorating market situation. At the same time, the company invests in utilising the opportunities offered by digitalisation.

These measures will result in a reduction of 28 positions in Finland.

For further information please contact:
Mika Kekki, Executive Vice President, UPM Plywood, tel. +358 40 5455 803

UPM, Media Relations
Mon-Fri 9:00-16:00 EEST
tel. +358 40 588 3284

UPM Plywood offers high-quality WISA® plywood and veneer products for construction, vehicle flooring, LNG shipbuilding, parquet manufacturing and other industrial applications. In 2022 UPM Plywood sales was EUR 539 million and it had around 1,800 employees. – www.wisaplywood.com

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We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,200 people worldwide and our annual sales are approximately EUR 11.7 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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